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Thia's avatar

I felt the same way about the mortgage bailouts of the 2000’s. I lost 30,000$ on my house when we sold it in part because many “neighbors” just stopped paying their mortgages when they realized they were underwater on the value of their homes. It was very frustrating to keep paying and paying and paying while the arseholes next door lived rent free for two years until the bank was finally able to throw them out. Then we had to sell our house with foreclosures on both sides. Fast forward to THIS new slap in the face, our “neighbors” are just thrilled about this newest don’t live with your bad decisions handout because BOTH of them will benefit. They spend money like water, have about 150,000$ worth of cars for two people, let us take care of their ill cat because they are too cheap to take her to the vet, and hinted to borrow money from us during covid. These are not people who’ve experienced some tragic accident or illness, they’re just spendy and like to buy the newest phones/cars/houses etc. My husband and I live very frugally, paid as we went through college, have two over ten year old cars, and bought a cheap enough house that we could pay half up front and pay the rest off in ten years. We’re really starting to feel like f***ing suckers. But hey, we get to look forward to being millionaires in retirement because we’ve been so responsible and then getting “means tested” out of social security and medicare so we and our various horrible irresponsible friends and neighbors over the years can all wind up in exactly the same place. Yay.

I can’t even discuss it without blowing a discount gasket ;) I’d love to vote for anybody but the Trumpies who I find frankly appalling and equally thrilled to give away money during Covid- but I’m sure as he** not voting for this sh**! Thank you for writing about it so calmly and articulately. All I can do at this point is cuss and spit.

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Some Guy's avatar

I’m with you Trace. I did a lot of pretty grueling jobs to pay for school (roofer, millwright, and deck hand on a drilling rig) and toward the end I kind of became grossed out by the institution itself. I felt like a cow everyone wanted to milk, no one really cared about anything practical, and dropped out my last year because at that time in my life I felt like I could just work low demand jobs and read books from the library until I died and that was all I wanted.

But I have had a more cynical change of mind after I paid off my wife’s student loans (I’m not rich but I know how to fix stuff so I flipped a house in my mid twenties which was enough to make me middle middle class). I admire your virtue but it’s annoying to get treated like a chump. I did all the stuff I needed to do to pay off stuff with my own money by doing things that were actually valuable for people, but with this as soon as I heard the announcement I read all the rules and asked them to refund all the payments on my wife’s loan that we made during the Covid relief period until it totaled just under $10,000. That’s a thing they allow. I don’t know if that will make me ineligible for relief but my guess is they won’t notice that kind of gaming and I’m expecting to get my free $10,000 to pay for a new furnace instead of having to finance it.

I want them to fix the whole architecture for how this mess works so people stop getting degrees that don’t help them in fields that are barely even real but barring that I feel like I have an obligation to not voluntarily let them hurt me if I can avoid it.

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